Hercules CEO withholds shares for RSU taxes

Hercules Capital, Inc.'s Chief Executive Officer, Scott Bluestein, reported two automatic share withholdings tied to restricted stock vesting.

Rhea-AI Filing Summary

Hercules Capital, Inc.'s Chief Executive Officer, Scott Bluestein, reported two automatic share withholdings tied to restricted stock vesting. On January 9, 2026, 50,081 shares of common stock were withheld at $18.59 per share to cover taxes on vested restricted stock. On January 11, 2026, an additional 13,431 shares were withheld at $18.59 per share for the same tax purpose. After these transactions, Bluestein directly owned 2,479,379 shares of Hercules Capital common stock.

Insider Trade Summary

Exercise Price or Tax Liability: 63,512 shares

Exercise Price or Tax Liability 2 txns

Insider Bluestein Scott

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	13,431	$18.59	$250K
Exercise Price or Tax Liability	Common Stock	50,081	$18.59	$931K

Holdings After Transaction: Common Stock — 2,479,379 shares (Direct)

Footnotes (2)

1. F1. Represents shares of common stock withheld to pay taxes applicable to the vesting of restricted stock on January 9, 2026.
2. F2. Represents shares of common stock withheld to pay taxes applicable to the vesting of restricted stock on January 11, 2026.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who is the insider in Hercules Capital (HCXY)'s latest Form 4 filing?

The insider is Scott Bluestein, the Chief Executive Officer of Hercules Capital, Inc., filing as a reporting person for transactions in the company’s common stock.

What transactions did Hercules Capital (HCXY) CEO Scott Bluestein report?

Scott Bluestein reported two Code F transactions in common stock, representing shares withheld by the company to pay taxes owed upon the vesting of restricted stock awards on January 9, 2026 and January 11, 2026.

How many Hercules Capital shares were withheld for taxes in this Form 4?

The Form 4 shows 50,081 shares of common stock withheld on January 9, 2026, and 13,431 shares withheld on January 11, 2026, both at $18.59 per share to cover tax obligations from restricted stock vesting.

Does this Form 4 show open-market sales by the Hercules Capital CEO?

No. The footnotes state that the reported shares represent common stock withheld to pay taxes on restricted stock vesting, meaning they are tax-withholding transactions rather than discretionary open-market sales.

How many Hercules Capital shares does Scott Bluestein own after these transactions?

After the reported tax-withholding transactions, Scott Bluestein directly owned 2,479,379 shares of Hercules Capital, Inc. common stock.

What does transaction code "F" mean in this Hercules Capital Form 4?

Transaction code "F" indicates that shares were withheld to satisfy tax obligations related to the vesting of equity awards, rather than bought or sold in the open market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 01/13/2026 - 06:45 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bluestein Scott

(Last) (First) (Middle)

C/O HERCULES CAPITAL, INC.

31 ST. JAMES AVENUE, SUITE 1005

(Street)

BOSTON MA 02116

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Hercules Capital, Inc. [ HTGC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/09/2026		F		50,081(1)	D	$18.59	2,492,810	D
Common Stock	01/11/2026		F		13,431(2)	D	$18.59	2,479,379	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of common stock withheld to pay taxes applicable to the vesting of restricted stock on January 9, 2026.

2. Represents shares of common stock withheld to pay taxes applicable to the vesting of restricted stock on January 11, 2026.

Remarks:

	/s/ Eileen Bagarella, Attorney-in-fact for Scott Bluestein	01/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.